Investment Property (4 unit) Line of Credit/Hard Money: ADU Build

[Rafael Go]

Hello All, I am looking to build a 2 story ADU, 1,200 SF total in Los Angeles. Need to borrow $250k for construction of the ADU. Any recommendations for hard money lenders that will provide a loan for a 4 unit property for 4-5+ years, if possible. Any recommendations, would be greatly be appreciated. I am also looking at possibly getting a credit line for this 4 unit property if available.

Thank you and look forward to hearing from 

[Dan H.]

Are you aware that recent lending rule changes (forget if it was Fannie or Freddie) duplex and triplex to add an ADU and still be eligible, but the recent rule change does not allow a quad to have an ADU added and get F/F financing. I suggest you discuss this with your lending expert prior to proceeding. Adding an ADU to a quad will greatly impact finance options that likely will adversely affect the value.

Good luck